Sales slow, prices steady

  • Last month Auckland property sales numbers were at their lowest level for an April since 2008 – and a 33 per cent drop on the first quarter of this year.

However, this lower turnover had only a limited impact on values, says Barfoot & Thompson’s managing director Peter Thompson.

“Sales numbers in April were down by about a third compared with the average for the previous three months, yet, given this significant fall, the average and median prices held steady.”

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On a year-on-year basis the median price is up 3.7 per cent. Photo / Doug Sherring